Sports Betting One On One’s New Share Dealing Incentive

24 April 2009

Isle Of Man-based entrepreneurial sportsbetting platform Sports Betting One On One has announced a novel introductory offer for new traders that will see them receive 30 company shares after registering for an account.

To receive their shares, traders must deposit either £30 into their account or turn over £100 through betting activity, which will see their share’s status automatically converted from restricted to free trading.

Sports Betting One On One charges no commission on share trades and stated that there is no spread between buying and selling. It revealed that no one can short stock and a trader must sell their shares if they offer them for sale while a customer must have sufficient funds in order to purchase shares.

Registrants also have the option of opting for a £20 sign-up bonus as an alternative to the share offer and Sports Betting One On One is also operating a referral scheme whereby traders can receive additional stock by introducing someone who then becomes a registered account holder.

“The business is currently going from strength to strength and we are greatly encouraged by the reception our unique gaming platform has received since inception,” said Stephen Bamford, Chairman for Sports Betting One On One.

“Our ability to make innovation a reality is further demonstrated by our novel venture into share dealing and we are delighted to welcome registrants to actively participate in Sports Betting One On One’s success story as we strive to become the stock exchange of sportsbetting.

“We, as a business, have ground-breaking ideas and ambitious plans for the future and it is vital, therefore, that we operate in an environment that is open to new ideas and that nurtures innovation. In this respect, the Isle of Man seemed like the natural choice from which to base our operations. The island also has the necessary regulatory and technological capabilities, which have allowed us to effectively deliver our unique gaming proposition to market, and we look forward to further developing this rewarding relationship with the jurisdiction in the future.”